SJRES129Referred to Committee

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "The Fair Credit Reporting Act's Limited Preemption of State Laws".

Introduced

In Committee

Passed One Chamber

Passed Both

Signed into Law

Failed — Did not pass vote

119th

Congress

2026-03-17

Introduced

Cosponsors

SJRES

ⓘ

Type

Sponsor

Catherine Cortez Masto

Democrat · NV · Senator

Votes with party: 78.8% (841 recorded votes)

Full profile: /officials/C001113

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Motion to proceed to consideration of measure rejected in Senate by Voice Vote. (consideration: CR S2271)

2026-05-13

Source: Congress.gov

Committee Activity

Currently in

Senate Committee on Banking, Housing, and Urban AffairsDischarged From · 2026-04-27

Previously

Banking, Housing, and Urban Affairs CommitteeDischarged From · 2026-04-27
Banking, Housing, and Urban Affairs CommitteeReferred To · 2026-03-17
Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-03-17

Plain-English Summary

Congress is considering blocking a decision by the Consumer Financial Protection Bureau to withdraw a rule that had limited how much state governments could regulate credit reporting practices. If approved, this resolution would reverse that withdrawal and restore the rule, meaning states would have less power to create their own credit reporting laws that go beyond federal standards. The change would primarily affect credit reporting companies and consumers who rely on credit reports for loans and other financial services.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S.J. Res. 129 Placed on Calendar Senate (PCS)] <DOC> Calendar No. 385 119th CONGRESS 2d Session S. J. RES. 129 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to ``The Fair Credit Reporting Act's Limited Preemption of State Laws''. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 17, 2026 Ms. Cortez Masto introduced the following joint resolution; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs April 27, 2026 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c), and placed on the calendar _______________________________________________________________________ JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to ``The Fair Credit Reporting Act's Limited Preemption of State Laws''. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to ``The Fair Credit Reporting Act's Limited Preemption of State Laws (87 Fed. Reg. 41042 (July 11, 2022))'' (90 Fed. Reg. 20084 (May 12, 2025)), and such rule shall have no force or effect. Calendar No. 385 119th CONGRESS 2d Session S. J. RES. 129 _______________________________________________________________________ JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to ``The Fair Credit Reporting Act's Limited Preemption of State Laws''. _______________________________________________________________________ April 27, 2026 Committee discharged, by petition, pursuant to 5 U.S.C. 802(c), and placed on the calendar

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